London white sugar futures closed off two-month lows on fund and trade selling and position-squaring on Friday ahead of the long weekend, and traders said the market risked further falls.
Benchmark August settled down $17.00 or 3.68 percent at $445.00 per tonne in volume of 8,017 lots, after trading from $463.60 to $443.00.
October finished down $14.40 or 3.18 percent to $438.50 per tonne in volume of 1,933 lots, having moved from $453.00 to $437.00.
Total volume was 10,931 lots.
"Funds and specs are closing their positions because of the long weekend," one trader said, noting that the market could fall further.
"Some stops were hit at $450."
Another trader said, "Funds are selling, and there is strong support in August between $445.00 and $450.00."
COFFEE LITTLE CHANGED: London robusta coffee futures closed little changed on Friday with the market continuing to consolidate after recent weakness, dealers said.
The benchmark July contract ended down $1.00 at $1,124 a tonne after holding in a range of $1,129 to $1,122. Total volume was 4,995 lots.
Dealers said the narrow range partly reflected a reluctance to take large positions ahead of the long holiday weekend.
COCOA SLIGHTLY FIRMER: London cocoa futures closed slightly up in light trading on Friday, boosted by industry buying, dealers said.
Benchmark July rose five pounds to settle at 845 pounds a tonne, trading in a range of 847 to 838 in turnover of 4,015 lots.
Total volume was 7,633 lots. "Not that many people want to get involved here with the holiday weekend coming up," a trader said.
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